April 18, 2011

Nifty Daily Analysis

  • Daily chart is shown with a possible support and resistance line.
  • Fibonacci chart of weekly time frame shows price not able to close outside 50% and 61.8%. So closing outside this range can give good direction.
  • 3rd chart shows weekly trend line resisting nifty. But stochastic has not reached over bought levels So a sell is not yet confirmed.
  • CNX - IT CHART ANALYSIS

3 comments:

  1. Good Morning San.

    Thanks for the Wonderful readings and Sharing of trendlines.

    ReplyDelete
  2. Good morning San,

    Nice to see ur blog daily .
    it would be good if u could mention the levels of nifty also with charts
    Thanks
    Regards

    ReplyDelete